Eastern Virginia Bankshares in Tappahannock has repurchased a warrant from the Treasury Department tied to the Troubled Asset Relief Program.

The $1.1 billion-asset company said in a press release Thursday that it paid $115,000 to buy back the warrant. The warrant would have allowed the Treasury to buy nearly 385,000 shares of the company's common stock at an exercise price of roughly $9.37 a share.

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